DROPBOX INC-CLASS A (DBX) Fundamental Analysis & Valuation

NASDAQ:DBX • US26210C1045

Current stock price

22.06 USD
-0.17 (-0.76%)
At close:
22.06 USD
0 (0%)
After Hours:

This DBX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. DBX Profitability Analysis

1.1 Basic Checks

  • DBX had positive earnings in the past year.
  • In the past year DBX had a positive cash flow from operations.
  • DBX had positive earnings in each of the past 5 years.
  • DBX had a positive operating cash flow in each of the past 5 years.
DBX Yearly Net Income VS EBIT VS OCF VS FCFDBX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M

1.2 Ratios

  • DBX's Return On Assets of 17.87% is amongst the best of the industry. DBX outperforms 93.45% of its industry peers.
  • DBX has a Return On Invested Capital of 62.16%. This is amongst the best in the industry. DBX outperforms 99.64% of its industry peers.
  • DBX had an Average Return On Invested Capital over the past 3 years of 33.41%. This is significantly above the industry average of 10.99%.
  • The last Return On Invested Capital (62.16%) for DBX is above the 3 year average (33.41%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 17.87%
ROE N/A
ROIC 62.16%
ROA(3y)15.56%
ROA(5y)15.07%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)33.41%
ROIC(5y)25.98%
DBX Yearly ROA, ROE, ROICDBX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -100 -200

1.3 Margins

  • The Profit Margin of DBX (20.17%) is better than 87.27% of its industry peers.
  • DBX's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 27.43%, DBX belongs to the top of the industry, outperforming 92.36% of the companies in the same industry.
  • In the last couple of years the Operating Margin of DBX has grown nicely.
  • DBX's Gross Margin of 80.15% is amongst the best of the industry. DBX outperforms 81.82% of its industry peers.
  • In the last couple of years the Gross Margin of DBX has remained more or less at the same level.
Industry RankSector Rank
OM 27.43%
PM (TTM) 20.17%
GM 80.15%
OM growth 3Y21.24%
OM growth 5Y34.07%
PM growth 3Y-5.37%
PM growth 5YN/A
GM growth 3Y-0.31%
GM growth 5Y0.46%
DBX Yearly Profit, Operating, Gross MarginsDBX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60 80

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3

2. DBX Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so DBX is creating value.
  • The number of shares outstanding for DBX has been reduced compared to 1 year ago.
  • The number of shares outstanding for DBX has been reduced compared to 5 years ago.
  • Compared to 1 year ago, DBX has a worse debt to assets ratio.
DBX Yearly Shares OutstandingDBX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
DBX Yearly Total Debt VS Total AssetsDBX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • DBX has an Altman-Z score of 0.18. This is a bad value and indicates that DBX is not financially healthy and even has some risk of bankruptcy.
  • DBX has a worse Altman-Z score (0.18) than 69.45% of its industry peers.
  • DBX has a debt to FCF ratio of 3.42. This is a good value and a sign of high solvency as DBX would need 3.42 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 3.42, DBX is in the better half of the industry, outperforming 60.73% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 3.42
Altman-Z 0.18
ROIC/WACC6.12
WACC10.16%
DBX Yearly LT Debt VS Equity VS FCFDBX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B

2.3 Liquidity

  • A Current Ratio of 0.63 indicates that DBX may have some problems paying its short term obligations.
  • DBX has a Current ratio of 0.63. This is amonst the worse of the industry: DBX underperforms 89.45% of its industry peers.
  • DBX has a Quick Ratio of 0.63. This is a bad value and indicates that DBX is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.63, DBX is doing worse than 89.45% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.63
Quick Ratio 0.63
DBX Yearly Current Assets VS Current LiabilitesDBX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. DBX Growth Analysis

3.1 Past

  • DBX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.75%, which is quite good.
  • Measured over the past years, DBX shows a very strong growth in Earnings Per Share. The EPS has been growing by 24.93% on average per year.
  • DBX shows a decrease in Revenue. In the last year, the revenue decreased by -1.07%.
  • The Revenue has been growing slightly by 5.66% on average over the past years.
EPS 1Y (TTM)12.75%
EPS 3Y21.19%
EPS 5Y24.93%
EPS Q2Q%-6.85%
Revenue 1Y (TTM)-1.07%
Revenue growth 3Y2.74%
Revenue growth 5Y5.66%
Sales Q2Q%-1.15%

3.2 Future

  • The Earnings Per Share is expected to grow by 1.64% on average over the next years.
  • DBX is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.44% yearly.
EPS Next Y6.2%
EPS Next 2Y9.65%
EPS Next 3Y5.39%
EPS Next 5Y1.64%
Revenue Next Year-0.51%
Revenue Next 2Y-0.43%
Revenue Next 3Y-0.47%
Revenue Next 5Y-0.44%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
DBX Yearly Revenue VS EstimatesDBX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B 2B 2.5B
DBX Yearly EPS VS EstimatesDBX Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 1 2 3

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Find the best growth stocksShow best growing peers

9

4. DBX Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 7.80, the valuation of DBX can be described as very cheap.
  • Based on the Price/Earnings ratio, DBX is valued cheaper than 91.27% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.78, DBX is valued rather cheaply.
  • DBX is valuated cheaply with a Price/Forward Earnings ratio of 7.34.
  • Based on the Price/Forward Earnings ratio, DBX is valued cheaper than 88.73% of the companies in the same industry.
  • DBX's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.54.
Industry RankSector Rank
PE 7.8
Fwd PE 7.34
DBX Price Earnings VS Forward Price EarningsDBX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DBX indicates a rather cheap valuation: DBX is cheaper than 89.45% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of DBX indicates a rather cheap valuation: DBX is cheaper than 94.55% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 5.52
EV/EBITDA 8.45
DBX Per share dataDBX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of DBX may justify a higher PE ratio.
PEG (NY)1.26
PEG (5Y)0.31
EPS Next 2Y9.65%
EPS Next 3Y5.39%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. DBX Dividend Analysis

5.1 Amount

  • No dividends for DBX!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

DBX Fundamentals: All Metrics, Ratios and Statistics

DROPBOX INC-CLASS A

NASDAQ:DBX (4/10/2026, 8:16:12 PM)

After market: 22.06 0 (0%)

22.06

-0.17 (-0.76%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-19
Earnings (Next)04-30
Inst Owners127.74%
Inst Owner Change0%
Ins Owners7.91%
Ins Owner Change6.28%
Market Cap5.14B
Revenue(TTM)2.52B
Net Income(TTM)508.40M
Analysts50
Price Target26.08 (18.22%)
Short Float %18.11%
Short Ratio6.17
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6.54%
Min EPS beat(2)-0.04%
Max EPS beat(2)13.12%
EPS beat(4)3
Avg EPS beat(4)8.96%
Min EPS beat(4)-0.04%
Max EPS beat(4)13.12%
EPS beat(8)7
Avg EPS beat(8)11.54%
EPS beat(12)11
Avg EPS beat(12)11.27%
EPS beat(16)15
Avg EPS beat(16)9.5%
Revenue beat(2)2
Avg Revenue beat(2)0.45%
Min Revenue beat(2)0.16%
Max Revenue beat(2)0.74%
Revenue beat(4)3
Avg Revenue beat(4)0.2%
Min Revenue beat(4)-0.25%
Max Revenue beat(4)0.74%
Revenue beat(8)3
Avg Revenue beat(8)-0.12%
Revenue beat(12)5
Avg Revenue beat(12)-0.05%
Revenue beat(16)5
Avg Revenue beat(16)-0.12%
PT rev (1m)0%
PT rev (3m)-9.55%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.66%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.48%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.65%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.12%
Valuation
Industry RankSector Rank
PE 7.8
Fwd PE 7.34
P/S 2.04
P/FCF 5.52
P/OCF 5.4
P/B N/A
P/tB N/A
EV/EBITDA 8.45
EPS(TTM)2.83
EY12.83%
EPS(NY)3.01
Fwd EY13.62%
FCF(TTM)3.99
FCFY18.11%
OCF(TTM)4.09
OCFY18.53%
SpS10.82
BVpS-7.72
TBVpS-9.81
PEG (NY)1.26
PEG (5Y)0.31
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 17.87%
ROE N/A
ROCE 72.68%
ROIC 62.16%
ROICexc N/A
ROICexgc N/A
OM 27.43%
PM (TTM) 20.17%
GM 80.15%
FCFM 36.91%
ROA(3y)15.56%
ROA(5y)15.07%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)33.41%
ROIC(5y)25.98%
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)39.07%
ROCE(5y)30.38%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y21.24%
OM growth 5Y34.07%
PM growth 3Y-5.37%
PM growth 5YN/A
GM growth 3Y-0.31%
GM growth 5Y0.46%
F-Score6
Asset Turnover0.89
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 3.42
Debt/EBITDA 2.74
Cap/Depr 13.6%
Cap/Sales 0.85%
Interest Coverage 6.53
Cash Conversion 112.12%
Profit Quality 183.01%
Current Ratio 0.63
Quick Ratio 0.63
Altman-Z 0.18
F-Score6
WACC10.16%
ROIC/WACC6.12
Cap/Depr(3y)14.87%
Cap/Depr(5y)17.18%
Cap/Sales(3y)0.91%
Cap/Sales(5y)1.11%
Profit Quality(3y)181.01%
Profit Quality(5y)177.91%
High Growth Momentum
Growth
EPS 1Y (TTM)12.75%
EPS 3Y21.19%
EPS 5Y24.93%
EPS Q2Q%-6.85%
EPS Next Y6.2%
EPS Next 2Y9.65%
EPS Next 3Y5.39%
EPS Next 5Y1.64%
Revenue 1Y (TTM)-1.07%
Revenue growth 3Y2.74%
Revenue growth 5Y5.66%
Sales Q2Q%-1.15%
Revenue Next Year-0.51%
Revenue Next 2Y-0.43%
Revenue Next 3Y-0.47%
Revenue Next 5Y-0.44%
EBIT growth 1Y42.2%
EBIT growth 3Y24.56%
EBIT growth 5Y41.66%
EBIT Next Year12.11%
EBIT Next 3Y3.03%
EBIT Next 5Y7.95%
FCF growth 1Y6.77%
FCF growth 3Y6.86%
FCF growth 5Y13.66%
OCF growth 1Y6.45%
OCF growth 3Y6.08%
OCF growth 5Y10.77%

DROPBOX INC-CLASS A / DBX Fundamental Analysis FAQ

What is the ChartMill fundamental rating of DROPBOX INC-CLASS A (DBX) stock?

ChartMill assigns a fundamental rating of 5 / 10 to DBX.


Can you provide the valuation status for DROPBOX INC-CLASS A?

ChartMill assigns a valuation rating of 9 / 10 to DROPBOX INC-CLASS A (DBX). This can be considered as Undervalued.


What is the profitability of DBX stock?

DROPBOX INC-CLASS A (DBX) has a profitability rating of 8 / 10.


Can you provide the PE and PB ratios for DBX stock?

The Price/Earnings (PE) ratio for DROPBOX INC-CLASS A (DBX) is 7.8 and the Price/Book (PB) ratio is -2.86.


How financially healthy is DROPBOX INC-CLASS A?

The financial health rating of DROPBOX INC-CLASS A (DBX) is 3 / 10.